$12.3 billion August production
By MortgageDaily.com staff
9/16/2003

Another major mortgage lender saw its fundings fall.

ABN AMRO Mortgage Group reported $12.3 billion in production for the month of August, a decrease from $15.5 billion in July. The totals surpassed the $10.7 billion in August 2002. The year-to-date volume of $100.1 billion increased 52% from the previous year.

InterFirst Wholesale Lending accounted for $9.4 billion of the mortgage production for the Dutch-banking subsidiary.

In the announcement, an ABN AMRO executive said the company crossed the $200 billion mark in loans it is servicing.

The company acquired $1.3 billion through the National Lending Center. Loans closed increased 124% from last August's $564 million.

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